REVENUES * UK - Stagecoach benefits from Megabus US expansion
London,UK -The Times Online, by David Robertson -October 29, 2008: -- Megabus, the low-cost bus service that operates in the UK and North America, has helped Stagecoach to increase revenues as passengers look for cheaper forms of transport... Stagecoach, said in a trading update this morning that like-for-like revenue growth in the UK was up 9.2 per cent in the 24 weeks to mid-October. Sales in the United States benefited from the continued expansion of the Megabus brand and revenue was up 8.4 per cent in the five months to the end of September... Stagecoach launched its no-frills Megabus brand in the US two years ago and the company believes that it has benefited from higher motoring costs, which have encouraged people to look for alternative means of transport...
* Stagecoach trading 'resilient'
London,UK -The Press Association -29 Oct 2008: -- Transport group Stagecoach said it believed its portfolio of bus and rail operations should be "relatively resilient" in an economic downturn... The South West Trains firm told investors it was trading in line with expectations, with half-year like-for-like revenues growth of 9.2% for its UK bus operations and a rise of 8.3% in UK rail... Trading updates from a number of transport firms in recent days have so far revealed little evidence that operators are being affected by job losses in London's financial district and elsewhere... However, Stagecoach warned it was ready to implement cost savings in its rail businesses "if and when appropriate"...
Labels: profits and revenues
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